Euler Finance, a DeFi platform that became as soon as hacked for $197 million earlier this week, is attempting to negotiate with its anonymous exploiter.

DeFi Llama founder 0xngmi shared a series of messages despatched by the Euler crew to the hacker over the closing 48 hours. The messages had been embedded in a blockchain transaction of 0 ETH despatched to the exploiter’s Ethereum wallet address.

In the principle message, the Euler crew enquired whether the hacker would possibly maybe be start to discussing probably subsequent steps. In the 2nd message, Euler demanded that the hacker return 90% of the stolen funds or face the penalties of law enforcement.

If the hacker does now not comply, the Euler crew mentioned it planned to offer a $1 million reward to customers who would possibly offer data about the hacker that results in his arrest. On Wednesday, Euler made perfect on this promise, even linking a wallet address where the reward of $1 million USDC is saved.

Some members of the crypto community had been skeptical of how Euler’s ultimatum would play out.

“Dude literally trusty stole $200 million I will’t mediate they mediate chance of a $1M bounty is going to be the turning point,” tweeted one user.

Others opined that conserving 10% of the stolen funds, which portions to a substantial sum of shut to $20 million, desires to be a “no brainer” for the hacker, brooding about he avoids the chance of prosecution.

The hacker stole $197 million price of staked ETH, DAI, USDC and masses of wrapped tokens. The exploit additionally impacted now not now not as much as 10 masses of DeFi protocols, including Balancer and Yearn Finance.